K: Remedies

Question 1

Remedies for Breach of Contract

Answer 1

• Legal
  
  • Compensatory
  • Liquidated
  • Nominal
• Equitable
  
  • Reformation
  • Specific Performance
  • Injunctive Relief
  • Restitution (unjust enrichment)
  • Reliance (costs)
    *

Question 2

Compensatory Damages

Answer 2

• General
  
  • Expectation(benefit of bargain)
• Consequential
  
  • Particular to P. Foreseeable. (lost profit)(hadley v. baxondale)
• Incidental
  
  • cost incurred. (Search, storage, shipping)
• Mitigation
  
  • Cost avoided
  • Loss avoided

Question 3

Liquidated Damages

Answer 3

• agreed
• reasonable
• actual damages uncertain